[April 20, 2015] |
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HARMAN Advances in China with New Wins and Market Introductions
HARMAN, the premier audio, infotainment and software services company
(NYSE:HAR), continues to make strides in China's fast-growing auto
market with new business wins and market roll-outs of infotainment and
audio solutions with regional OEMs.
HARMAN announced today that it has finalized a multi-year agreement with
GAC Fiat to supply several new vehicle models with HARMAN integrated
infotainment systems. In the last nine months, HARMAN has been awarded
more than $300 million in new business with Chinese automakers.
Additionally, HARMAN is pleased to announce the commercial introduction
of the Geely GC9 flagship sedan featuring HARMAN's multimedia/navigation
system and premium surround sound audio. This Bluetooth™-enabled system
features an eight-inch high definition touch screen, highly integrated
multimedia and connectivity solutions, and advanced safety (ADAS)
features including a "birds-eye" 360 degree park-assist view. The Geely
GC9 also includes a HARMAN designed and built premium audio system
featuring Infinity™ Logic7 surround sound. The GC9 is the first to
market of several HARMAN projects that are currently in development for
Geely.
"These new awards further validate how our strategic focus and
aggressive investments in China are aligned with the demands of local
automakers," said Dinesh C. Paliwal, HARMAN Chairman, President and CEO.
"Wih our global reach, systems and connectivity expertise, and our
unparalleled innovation, we are creating cutting edge audio and
infotainment experiences for every passenger. We are honored that these
prominent Chinese automakers have selected HARMAN as a partner to help
meet the growing demands from their customers."
HARMAN is the leading supplier of advanced connectivity, infotainment,
and audio to the global automakers, including Audi, BMW, Chrysler, FIAT,
Ferrari, SGM, Hyundai, Kia, Lexus, Land Rover, Mercedes Benz, Porsche,
Toyota, and Volkswagen. HARMAN's roster of Chinese automotive customers
includes BAIC Motors, BYD, Changan, Chery, Great Wall, Shanghai GM, and
others. The Company operates HARMAN Flagship Stores in Shanghai and
Beijing to showcase its brands, and operates R&D and manufacturing
facilities in Shanghai, Suzhou, Shenzhen, Chengdu and Dandong. With 3000
employees currently in China, HARMAN has an established base from which
to supply the foreign and domestic Chinese automakers in what has become
the world's largest automotive market.
About HARMAN
HARMAN (harman.com) designs and engineers connected products and
solutions for consumers, automakers, and enterprises worldwide,
including audio, visual and infotainment systems; enterprise automation
solutions; and software services. With leading brands including AKG®,
Harman Kardon®, Infinity®, JBL®, Lexicon® , Mark Levinson ® and Revel®,
HARMAN is admired by audiophiles, musicians and the entertainment venues
where they perform around the world. HARMAN also is a technology and
integration services leader for the Automotive, Mobile,
Telecommunications and Enterprise markets. More than 25 million
automobiles on the road today are equipped with HARMAN audio and
infotainment systems. The Company's software solutions power billions of
mobile devices and systems that are connected, integrated, personalized,
adaptive and secure across all platforms, from the work and home to car
and mobile. HARMAN has a workforce of approximately 25,000 people across
the Americas, Europe, and Asia and reported sales of $5.9 billion during
the last 12 months ended December 31, 2014. The Company's shares are
traded on the New York Stock Exchange under the symbol NYSE:HAR.
© 2015 HARMAN International Industries, Incorporated. All rights
reserved. Harman Kardon, Infinity, JBL, Lexicon and Mark Levinson are
trademarks of HARMAN International Industries, Incorporated, registered
in the United States and/or other countries. AKG is a trademark of AKG
Acoustics GmbH, registered in the United States and/or other countries.
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